Fuel Tech Q3 net income $0.5M ($0.02 EPS); revenue flat at $8.0M, APC segment up 36%

FUEL TECH, INC.

2023-Q3 EPS reported -$0.03 revenue$20,736,000

Net income $0.5M ($0.02/shr) vs $0.3M ($0.01) in Q3 2022.
Revenue flat at $8.0M; APC segment revenue +36% to $3.7M, FUEL CHEM down to $4.3M.
Gross margin 45.2% vs 45.8%; SG&A down to $3.0M from $3.3M.
Adjusted EBITDA flat at $0.4M; cash & investments $33.2M, no debt.
DGI pilot test met/exceeded expectations; negotiations for deployment underway.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FUEL TECH, INC. reported third quarter ended September 30, 2023 results: revenue Consolidated revenues for Q3 2023 were unchanged at $8.0 million compared to Q3 2022, net income Net income in Q3 2023 was $0.5 million, or $0.02 per share, compared to net income of $0.3 million, or $0.01 per share,, EPS Net income in Q3 2023 was $0.5 million, or $0.02 per share, compared to net income of $0.3 million, or $0.01 per share,.

Period: third quarter ended September 30, 2023
Revenue: Consolidated revenues for Q3 2023 were unchanged at $8.0 million compared to Q3 2022
Net income: Net income in Q3 2023 was $0.5 million, or $0.02 per share, compared to net income of $0.3 million, or $0.01 per share,
EPS: Net income in Q3 2023 was $0.5 million, or $0.02 per share, compared to net income of $0.3 million, or $0.01 per share,
Result: reported results

Exact text from the filing

Fuel Tech, Inc. (NASDAQ: FTEK) , a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today reported financial results for the third quarter ended September 30, 2023 ("Q3 2023").

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Source: SEC EDGAR

accession 0001437749-23-030664

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